TL;DR Breakdown John Deaton accuses the SEC of straying from its primary mission, particularly in digital asset regulation. Deaton criticizes the SEC’s framework, approved by Hinman, for ignoring the common enterprise factor of the Howey test. Hinman allegedly benefited financially from his law firm’s involvement with Bitcoin and Ethereum mining company Canaan. Description John Deaton, a well-known pro-crypto lawyer, has accused the U.S. Securities and Exchange Commission (SEC) of losing sight of its primary mission. He specifically questioned the testimony of Bill Hinman, the former Director of Corporation Finance at the SEC. Hinman had stated under oath that the SEC could only satisfy some aspects of the Howey … Read more John Deaton, a well-known pro-crypto lawyer, has accused the U.S. Securities and Exchange Commission (SEC) of losing sight of its primary mission. He specifically questioned the testimony of Bill Hinman, the former Director of Corporation Finance at the SEC. Hinman had stated under oath that the SEC could only satisfy some aspects of the Howey test to establish an offer or sale as an investment contract. Deaton raised concerns…

TL;DR Breakdown Clockwork, a Solana-based smart contract automation startup, announced its decision to shut down operations by the end of October due to “limited commercial upside,” marking another closure in the Solana ecosystem. The founder, Nick Garfield, cited “simple opportunity cost” as the reason for the shutdown, stating that the team is interested in exploring new opportunities. Clockwork’s code will remain open-source, and a “meaningful portion” of the seed money still remains. Description Clockwork, a Solana-based smart contract automation project, announced its decision to shut down by the end of October, citing “limited commercial upside.” The startup, which had raised $4 million in a seed round last August, will cease active development and turn off its nodes on both devnet and mainnet. The news comes as a setback … Read more Clockwork, a Solana-based smart contract automation project, announced its decision to shut down by the end of October, citing “limited commercial upside.” The startup, which had raised $4 million in a seed round last August, will cease active development and turn off its nodes on both devnet and mainnet….

TL;DR Breakdown U.K. shop price inflation reached its lowest level in nearly a year in August, with a 6.9% annual rate, down from 8.4% in July. Shop prices decreased due to lower food expenses, with food inflation dropping to 11.5% in August, the lowest level since September. In August, consumer confidence improved by five points, with inflation rates easing and rising earnings, indicating a positive outlook on financial situations and the economy. Description The shop price inflation in the UK dropped to its lowest level in nearly a year in August. A decrease primarily influenced this decline in the pressure on food costs. According to data from the British Retail Consortium (BRC) released on Tuesday, the yearly inflation rate slowed to 6.9% in August. That was a notable … Read more The shop price inflation in the UK dropped to its lowest level in nearly a year in August. A decrease primarily influenced this decline in the pressure on food costs. According to data from the British Retail Consortium (BRC) released on Tuesday, the yearly inflation rate slowed to 6.9%…

TL;DR Breakdown Digital Currency Group (DCG), has made significant strides towards resolving the financial troubles of its crypto lending subsidiary, Genesis.  The core essence of this agreement lies in the potential recoveries for unsecured creditors, estimated to range between 70% to 90%, contingent on the approval of the amended plan. The revised plan introduces a novel approach to debt repayment, allowing for recoveries spanning from 65% to 90% on an in-kind basis, dependent on the specific digital asset denomination.  Description In a significant development within the cryptocurrency industry, Digital Currency Group (DCG), a prominent venture capital firm deeply entrenched in the crypto landscape, has made significant strides toward resolving the financial troubles of its crypto lending subsidiary, Genesis. This initiative is marked by an in-principle agreement that has been reached with Genesis’ creditors, as detailed … Read more In a significant development within the cryptocurrency industry, Digital Currency Group (DCG), a prominent venture capital firm deeply entrenched in the crypto landscape, has made significant strides toward resolving the financial troubles of its crypto lending subsidiary, Genesis. This initiative is marked…

Description The Internet Computer has brought about a new era of decentralized applications and transactions. Like many endeavors within the cryptocurrency domain, the Internet Computer Protocol (ICP) extends beyond offering a mere digital currency. The ICP token, accessible for acquisition and trading through platforms such as Coinbase, constitutes merely a fragment of a larger vision. This … Read more The Internet Computer has brought about a new era of decentralized applications and transactions. Like many endeavors within the cryptocurrency domain, the Internet Computer Protocol (ICP) extends beyond offering a mere digital currency. The ICP token, accessible for acquisition and trading through platforms such as Coinbase, constitutes merely a fragment of a larger vision. This article will provide a detailed guide on Ledger Live Integration with Internet Computer, the technical details, and the benefits. But first, what actually is Internet Computer? Contents hide 1 What is Internet Computer? 2 Ledger Live integration with Internet Computer 3 How to use Ledger Live with the Internet Computer 3.1 Initial set-up 3.2 Connecting the Ledger Live 3.3 How to receive Internet Computer (ICP) coins…

TL;DR Breakdown Jurica Bulovic, ex-Fidelity executive, claims Fidelity could have been a strong competitor to Coinbase in the crypto sector. Bulovic argues that Fidelity should have taken advantage of an opportunity by being moderate in its early involvement with digital assets. Alex Thorn from Galaxy Digital agrees, stating that Fidelity was ahead of most traditional financial institutions entering the crypto space. Description Jurica Bulovic, a former Fidelity executive and current head of mining at Foundry, stated that Fidelity could have been a formidable competitor to Coinbase in the cryptocurrency exchange sector. The comments were made in a Wall Street Journal article, sparking discussions about what could have been a different landscape in the crypto industry. According to … Read more Jurica Bulovic, a former Fidelity executive and current head of mining at Foundry, stated that Fidelity could have been a formidable competitor to Coinbase in the cryptocurrency exchange sector. The comments were made in a Wall Street Journal article, sparking discussions about what could have been a different landscape in the crypto industry. According to Bulovic, Fidelity could be as…

TL;DR Breakdown Carbonbase has partnered with the HBAR Foundation and ImpactX to launch the Global Climate Registry (GCR), marking the debut of Asia’s first digital native Carbon Registry. The GCR initiative is set to accelerate the digitization of the measurement, reporting, and verification (dMRV) process in the carbon credit market. Description Carbonbase, a leading climate-tech and carbon reduction solutions provider, has announced a groundbreaking partnership with the HBAR Foundation and ImpactX to launch the Global Climate Registry (GCR). This initiative marks the debut of Asia’s first digital native Carbon Registry.  The Asia-Pacific region, responsible for over half of the world’s carbon dioxide emissions in 2022, has … Read more Carbonbase, a leading climate-tech and carbon reduction solutions provider, has announced a groundbreaking partnership with the HBAR Foundation and ImpactX to launch the Global Climate Registry (GCR). This initiative marks the debut of Asia’s first digital native Carbon Registry.  The Asia-Pacific region, responsible for over half of the world’s carbon dioxide emissions in 2022, has long been in need of a localized carbon registry to facilitate efficient emissions reduction projects. GCR…

TL;DR Breakdown Ripple Labs is hosting a victory party in New York City on September 29 to celebrate its recent legal win against the U.S. Securities and Exchange Commission (SEC). Beyond the celebration, the event serves as a platform for reflecting on the broader implications of Ripple Labs’ legal triumph. Description The cryptocurrency world is abuzz with excitement as Ripple Labs, a leading player in the blockchain and digital currency space, announced a grand celebration in the heart of New York City. Brad Garlinghouse, the CEO of Ripple Labs, took to social media platform X to share the exhilarating news of a victory party scheduled for … Read more The cryptocurrency world is abuzz with excitement as Ripple Labs, a leading player in the blockchain and digital currency space, announced a grand celebration in the heart of New York City. Brad Garlinghouse, the CEO of Ripple Labs, took to social media platform X to share the exhilarating news of a victory party scheduled for September 29. This event is not just a gathering but a monumental occasion to honor Ripple…

TL;DR Breakdown On Tuesday, the retail cost of gold in Japan crossed the 10,000 yen ($68.31) per gram mark for the first time, reaching 10,001 yen per gram. Japanese yen depreciation against the U.S. dollar continues due to Fed credit control, rising interest rates, and rising gold prices. Description On Tuesday, the retail cost of gold in Japan crossed the 10,000 yen ($68.31) per gram mark for the first time, reaching 10,001 yen per gram on that day, marking a 28 yen surge from the previous day’s price. The value of gold in yen has been climbing due to the yen’s decline against the … Read more On Tuesday, the retail cost of gold in Japan crossed the 10,000 yen ($68.31) per gram mark for the first time, reaching 10,001 yen per gram on that day, marking a 28 yen surge from the previous day’s price. The value of gold in yen has been climbing due to the yen’s decline against the dollar. This rise is linked to a rising desire for gold as a secure investment, prompted by worries…

TL;DR Breakdown HashKey Exchange, one of the first platforms to be licensed by Hong Kong’s Securities and Futures Commission (SFC), has opened its doors to retail investors. The launch is part of Hong Kong’s broader strategy to become a key player in the global digital asset ecosystem, with ambitious targets to onboard up to 1 million users. Description Hong Kong, a city renowned for its financial prowess, has taken a monumental step in fortifying its standing in the cryptocurrency sector. The HashKey Exchange, one of the first platforms to receive a license from the city’s Securities and Futures Commission (SFC), began operations for retail investors this week. This move is part of a … Read more Hong Kong, a city renowned for its financial prowess, has taken a monumental step in fortifying its standing in the cryptocurrency sector. The HashKey Exchange, one of the first platforms to receive a license from the city’s Securities and Futures Commission (SFC), began operations for retail investors this week. This move is part of a broader strategy by Hong Kong to become a pivotal…